Frederic Lau Appointed Managing Director of Promontory China
Financial services consulting firm Promontory has appointed Frederic Lau as Managing Director of Promontory China. Lau brings extensive experience from his career in regulation and banking.
Promontory, a global financial services consulting firm, has appointed Frederic Lau as Managing Director of Promontory China. Lau joins a team of regulatory advisers providing strategic solutions to financial institutions in the region.
Lau enters the role following a career in regulation and banking. He previously served as a Board of Trustees member of the Global Association of Risk Professionals and as an executive director at Dah Sing Banking Group, where he also acted as an alternate Chief Executive. In that capacity, Lau oversaw the group's risk management functions in Hong Kong and Mainland China. Prior to these roles, he held several senior positions at the Hong Kong Monetary Authority (HKMA), including Head of Banking Policy Division and Head of the Banking Supervision Division.
"We are delighted to be welcoming Fred to Promontory's China team. He is exceptionally well positioned to provide pragmatic advice to Promontory clients across Greater China, as well as Chinese financial institutions who are preparing to expand internationally," said Frank N. Newman, non-executive Chairman of Promontory China.
Based in Hong Kong, Lau will collaborate with Ronald Gould, Managing Director and head of Promontory China. He will focus on providing strategic advice to clients concerning regulation, risk control, compliance, governance, and other banking-related issues.